JOINT VENTURE "VIETSOVPETRO"

Joint Venture - Vietsovpetro was established on June 19^th, 1981 upon the Intergovernmental Agreements signed S.R Vietnam and the Soviet Union in 1981, to co-operate in petroleum exploration and production on the Southern continental shelf of Vietnam. Since 1993, Russian Federation took over the Russian Committee's rights and responsibilities in Vietsovpetro. Vietsovpetro is currently operating under the Intergovernmental Agreement between S.R. Vietnam and Russian Federation signed on December 27^th, 2010 to continue the co-operation in the petroleum exploration and production in Vietnam.